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A The accounts with identification letters for Orly Delivery Services are listed below. Letter Account Title Letter Account Title Cash 1 Orly, Drawing B Accounts
A The accounts with identification letters for Orly Delivery Services are listed below. Letter Account Title Letter Account Title Cash 1 Orly, Drawing B Accounts Receivable 2 Delivery Fee Income Supplies Advertising Expense D Prepaid Rent L Equipment Repairs Expense E Delivery Equipment M Rent Expense F Office Equipment N Salaries Expense G Accounts Payable 0 Utilities Expense H Orly, Capital Transactions A. The owner invested $27.600 cash in the business. B. Purchased delivery equipment on account $16,300. C. Performed delivery services for $6.300 cash. D. Issued check for $1.330 to pay the rent for six months. E.Issued check for $490 to purchase supplies. F.Issued check for $13.950 in partial payment of the delivery equipment purchased in 'B'above. G. Issued a check to purchase an advertisement space in the local newspaper for $700 for one month During the current month, the company completed the transactions listed above. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account title and amount. View transaction list 1 The owner invested $27,500 cash in the business. 2 Purchased delivery equipment on account 516,300. 3 Performed delivery services for $5,300 cash. Issued check for $1,330 to pay the rent for six months. 5 Issued check for $490 to purchase supplies. 6 Issued check for $13,950 in partial payment of the delivery equipment purchased in 'B' above. 7 Issued a check to purchase an advertisement space in the local newspaper for 5700 for one month. = journal entry has been entered Credit Note : Record entry Clear entry View general journal
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